RULE BY DATA: THE END OF MARKETS?

The author explores data as a source and a means of governance that will likely replace both markets and the law. Topics discusses include the possible rule by data via the vast data amounts in big tech companies, the trading of goods and services for money, with a series of transactions revealing t...

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Published in:Law & Contemporary Problems Vol. 83; no. 2; pp. 102 - 126
Main Author: PISTOR, KATHARINA
Format: Article
Published: Duke University 2020
Subjects:
Online Access:View this record in EBSCOhost
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        atl: RULE BY DATA: THE END OF MARKETS?
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        au: PISTOR, KATHARINA
        affil: Edwin B. Parker Professor of Comparative Law, Columbia Law School
      su:
        Technology
        Corporate governance
        Market prices
        Big data
        Data
      sug:
        subj:
          Technology
          Corporate governance
          Market prices
          Big data
          Data
      ab: The author explores data as a source and a means of governance that will likely replace both markets and the law. Topics discusses include the possible rule by data via the vast data amounts in big tech companies, the trading of goods and services for money, with a series of transactions revealing the prevailing market price, and Big Tech's data ownership retention even if data is sold repeatedly. Also noted is Big Tech's creation of power asymmetries to influence consumers.
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      doctype: Article
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    language: English
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